iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Apollo Tyres' stock up by more than 4% today

15 Nov 2022 , 01:39 PM

Apollo Tyres shares hit a multi-year high of Rs 303.40 on the BSE in Tuesday’s intra-day trade, gaining 6% in an otherwise subdued market, after the company reported a double-digit increase in revenue and earnings before interest, taxes, depreciation, and amortization (Ebitda) in the September quarter (Q2FY23) despite a challenging environment.

At 12:11 p.m., the stock was trading 4% higher at Rs 297.65, compared to a 0.21 % fall in the S&P BSE Sensex. Trading volume on the stock has nearly tripled today. The stock was trading close to its all-time high of Rs 307, set on April 17, 2018.
Due to greater sales, the company’s consolidated net profit increased 11% year on year (YoY) to Rs 194 crore in Q2FY23. In the previous quarter, the tyre giant declared a net profit of Rs 174 crore. Despite the challenging market, it reported a 17% YoY revenue growth of Rs 5,956 crore, primarily due to price increases.
Consolidated Ebitda margin was 12%, down 61 basis points year on year but up 35 basis points quarter on quarter. Despite the expense pressure, it reported a sequential improvement in standalone and European operating margin performance.
For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Apollo tryes
  • Buzzing Stocks
  • markets
  • Top gainers
  • Top News
  • Top story
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.